sure, there is financially predatory shit all over app stores and social media, but i’m not sure this is the best anectode to be spreading that message with.
let’s assume the parents debit card got linked to their daughters iphone through icloud magic that average people wouldn’t know about. ok fine.
let’s assume they didn’t think they needed limits on the kids phone because there was no payment method. sure.
let’s also say that their bank should have alerted them to these transactions (even though there’s nothing inherently suspicious about them to me, people spend money on dumb shit all the time).
but even after all that… how the fuck do you not notice £8500 over 90 days gone from your checking account? i’m having a hard time sympathizing with that level of financial obliviousness.
Mine only does for purchases over a certain amount, and then when it does send the text it is only that a purchase was made, not how much or where’s the purchase was made.
Honestly, I can see how this can happen. One time I didn’t get paid for 3 months, and didn’t notice. All of my finances, debits, transfers etc have been completely automated for 15 years. The trick is to not be poor, but more specifically, be cash rich, and have buffers. I’m not actually rich, I just hate owing money and have never been in debt, because I don’t spend more than I have. Even in my 20’s when I was cash poor and going out 5 nights a week, living pay check to pay check, I never went into debt.
Obviously I don’t own a home, because I couldn’t have this kind of financial freedom while paying a mortgage. The things you own, end up owning you.
this has nothing to do with having a mortgage or being “cash poor”. This is about being aware of your finances. I automate all my bills as well but i still check everything at least monthly to ensure nothing crazy like this. $10k is easily noticeable even if you are only checking a balance.
sure, there is financially predatory shit all over app stores and social media, but i’m not sure this is the best anectode to be spreading that message with.
let’s assume the parents debit card got linked to their daughters iphone through icloud magic that average people wouldn’t know about. ok fine.
let’s assume they didn’t think they needed limits on the kids phone because there was no payment method. sure.
let’s also say that their bank should have alerted them to these transactions (even though there’s nothing inherently suspicious about them to me, people spend money on dumb shit all the time).
but even after all that… how the fuck do you not notice £8500 over 90 days gone from your checking account? i’m having a hard time sympathizing with that level of financial obliviousness.
The strange thing about this story is why didn’t the bank send SMS messages for the purchases, this should be the default.
Mine only does for purchases over a certain amount, and then when it does send the text it is only that a purchase was made, not how much or where’s the purchase was made.
This could have easily be prevented if they did it for all amounts and enabled OTP code.
Personally, my bank needs a subscription to do that. Maybe that’s why?
Mine is enabled by default and you need an OTP code for each purchase.
Honestly, I can see how this can happen. One time I didn’t get paid for 3 months, and didn’t notice. All of my finances, debits, transfers etc have been completely automated for 15 years. The trick is to not be poor, but more specifically, be cash rich, and have buffers. I’m not actually rich, I just hate owing money and have never been in debt, because I don’t spend more than I have. Even in my 20’s when I was cash poor and going out 5 nights a week, living pay check to pay check, I never went into debt.
Obviously I don’t own a home, because I couldn’t have this kind of financial freedom while paying a mortgage. The things you own, end up owning you.
this has nothing to do with having a mortgage or being “cash poor”. This is about being aware of your finances. I automate all my bills as well but i still check everything at least monthly to ensure nothing crazy like this. $10k is easily noticeable even if you are only checking a balance.